The Victorian proposal means Crown will pay 47.6 per cent on a machine generating $2666 to less than $6666.67 in turnover, on a sliding scale to the top rate of 60.67 per cent on a machine that generates more than $12,500.Ĭrown told the market on Monday that the impact of the tax changes on earnings would depend on “the final details” of the tax and the revenue generated from pokies at Crown Melbourne. The Victorian government had been unable to hike taxes on pokie turnover without having to pay up to $250 million in compensation due to a Napthine government agreement with Crown in 2014.īut following the damning Finkelstein royal commission into Crown, which fell short of ripping up the casino licence, the state government passed laws cancelling that compensation clause.Ĭrown pays a flat rate of 31.57 per cent plus a community benefit levy of 1 per cent, whereas pubs and clubs pay on a sliding scale per machine. The tax increase, slated to take effect from July 1, 2023, will mean Crown pays the same rate of tax on revenue from pokies as clubs and pubs.

Chris Hopkinsīut the Victorian government has said the proposed tax increase – set to be outlined in this week’s state budget – is “expected to generate up to $30 million a year”.Ĭrown says it has held discussions with the Victorian government, seeking to clarify the proposal and “has looped in” Blackstone as the potential new owner of the casino if the $8.9 billion takeover deal is signed off by shareholders this month. The proposed tax increase will mean Crown pays the same rate of tax on revenue from pokies as clubs and pubs.

Crown Resorts has disputed the Victorian government’s calculation of its proposed higher tax rate on 2600 poker machines at Crown Melbourne.Ĭrown says the tax could reduce its earnings by between $35 million and $40 million, based on 2019 earnings, the last year the James Packer backed group’s activity was unaffected by pandemic-induced lockdowns and a collapse in tourism.

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